Twelve European nations (Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal and Spain) have abandoned their own currency and have witnessed the launch of the euro as their new single currency. How does this look to the proverbial man on the street? November 1989: The Berlin Wall falls.
As the amazing and volatile 2001 was closing its curtain and I was hurrying up to unload my stocks for proudly claiming the capital loss, I think of Harry Potter, the magic boy, who could get on a bus at Platform Nine and Three-Quarters. I really envy him.
On December 3, the Chicago GSB Club hosted Michael H. Moskow, the President and CEO of the Federal Reserve Bank of Chicago, at the Gleacher Center. Dr. Moskow's speech to a mostly alumni audience was entitled "Cultural Transformation at the Chicago Fed." Dr.
H0: Economics does not deserve a Nobel Prize. Ha: not H0. In 2001, Akerlof, Spence, and Stiglitz won the Nobel Prize "for their analyses of markets with asymmetric information". Coincidentally, Professor Michael Raith talked about this theory in our Microeconomics class last semester in a vivid manner.
Ask any second-year, "Did you take Murphy's Advanced Micro class?" and you'll get one of two responses: either 1) "Yes, and it was both the most difficult and the most rewarding class I've taken," or 2) "No, but I wish I had." No doubt, Kevin Murphy's courses are definitely in demand (and difficult).